problem 2&3

Problem 2 Vonn Company manufactures Christmas ornaments. At the end of December 2019, the accounting records showed the following: Beginning $ 13,600 $ Ending 7,000 3,000 5,400 33,000 Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other Information: Direct materials purchases Plant janitorial services Sales salaries Delivery costs Net sales revenue Otilities for plant Rent on plant Customer service hotline costs Direct labor 5,600 1.800 109,000 2.000 10,000 1,300 22,000 Required: 1. Prepare a Schedule of Cost of Goods Manufactured for Vonn Company for the year ended December 31, 2019 2. Prepare an income statement for Vonn Company for the year ended December 31 2019. 3. Vonn Company manufactured 17,600 units of product in 2018. Compute the company's unit product cost for the year, rounded to the nearest cent. Problem 3 Armand Company sells blankets with team logos. Armand has fixed costs of $960,000 per year plus variable costs of $8.00 per blanket. Each blanket sells for $16.00. a. Use the equation approach to compute the number of blankets Armand must selleach year to break even. b. Use the contribution margin ratio approach to compute the dollar sales Armand needs to earn $48,000 in operating income for 2018. (Round the ratio to two decimal places) c. Prepare Armand's contribution margin income statement for the year ended December 31. 2018, for sales of 115,000 blankets. (Round answers up to next whole number d. The company is considering an expansion that increase fixed costs by 20% and variable costs by $1.60 per blanket. Compute the new breakeven point in units AND in dollars. (Round answers up to next whole number)